Analysts say reclaiming $76,000, sustained spot market buy volume and consistent inflows to the Bitcoin ETFs are the necessary components required for a rally to new highs.

Traders say Bitcoin has room to rally higher, but the upside could be capped at BTC’s active supply cost basis near $78,000.

Bitcoin rallied to $76,000 on Tuesday as a bullish chart breakout and increasing onchain activity hint at an extended rally to $90,000.

Ether bounced off multi-year support, while a bullish MACD crossover could signal that ETH is on the path to new highs.